Member Info for Peakybrum

A question for the more knowledgable
If we are not now requesting for an extension permit to flare
And so now test other zones for oil in the well will it mean deconstructing the long term production unit from alkaid and storage facility
Sorry if stupid question or has been answered previously
Good luck all

Blimey 4 days and just one post
Come back Louis missing you mate !!
Hopefully some news soon

If needing cash in the short term to go forward until we have a farm in partner to inject funds
Have we not still got the funds raised last year to draw down from short term rather than a discounted 10p value on cash raise
And then pay back from any funds provided by would be partner if bod are so confident we are gonna have lots of interest already shown
If I got my wires crossed here I apologise

Thanks useful for all info and putting me right
Good luck to all
Let’s get data room open asap and potential farm in partners

Good rns for 88e this morning
Hickory testing 6 zones
I believe hickory is 500 ft from our alkaid well reading reports
If so they are ahead of us testing the smd and if successful must bode well surely for us
And any other reservoirs
Thoughts appreciated

Did anyone else feel jay was very unhappy at start of seminar re The element out there discrediting the company for purposes of driving down sp
Would have liked to have had a basic timeline of smd being tested and data room opening and all reports being completed and available to view
But sure all will come clearer in not too distant future
Still long holder to the end

Rns
Woodmac independent report globally recognised company states
Theta west largest onshore oil find in the world for 2022
WOW

Eightskin filtered
Sucking the energy out or what ??

Blimey eightskin
7 posts in a few minutes on a Friday night all negative
Get a life mate and do one
Had it all week with Louis now you too
Bxxxxxx hell some numpties out there
Good share bad share take a breath for gods sake

Hi villa
How you doing
Don’t bite mate not worth it
Be nice when this flies on buyout and we all
Do well and meet jay and Bob when they fly in we can all
Meet up with Louis and a few others and have a beer and a man hug
Ha ha
Face to face
Good
Luck all

Lots of white noise on hear at mo
as someone posted the other day and I can’t deny a little bum twitching with the sp at mo but hopefully
Monday will take us into positive position
Earlier post stating 500 barrels only but I believe it’s been posted the gas equivelent is 500 barrels also if not hit a gas trap would have been oil
So plus if 1000 bpd
If we were to drill at a lower level
These points being more relevant to a farm in partner or buy in partner hopefully than the armchair experts on here at mo
Fingers crossed to all

Hi sailplane
Thanks for informative posts over the weekend and all
Makes good sense
If I may ask then would both alkaid 1 and 2 making available smd would literally be coming back up the pipe and fracturing without need to go horizontal and so costs would be minimal with alkaid infrastructure now in place and timing wouldn’t be too great either
With our ability to carry out works all year
Looking forward to agm seminar and update on data room and farm in partners

Great opportunity for farm in partner now

Hi Christo
I was too of the same opinion around 700 but are we forgetting after 50 days the flow decline expected from that figure
Not trying to smooth over any cracks but ideally it’s not what we think it’s the independent report being put together and what a farm in partners views are
Plus remember this is only 4 % of our oil in place holding

I got it at 500 bpd with oil to ngl condensates mixed at 5000 lateral
So next drills 10.000 lateral 1000 bpd at $80
Barrel at 80-90%. Value of
Need now separator in and utilise the maximum flow if we’re staying a production unit which I think we are now

Be great to get an up to date video drive by of the flare now and tankers on site
Get some excitement going and momentum

Hi bridgedog
If your projections are correct at 56 wells producing 98600 a day
With. Alkaid estimated at 76 mill barrels recoverable the field would be exhausted within 2 years would it not
But some wow numbers nonetheless

Just a question whilst waiting
If we have hit a gas cap at the level we’ve drilled at is there a chance in time this will deplete and oil take its place and flow
Or would we have to drill deeper on our next one to avoid
Sorry if question sounds dumb but not in the industry

Sailplane gotcha and thank you for your post
So long term flowtesting will declare both decline rate and possible reduction of gas and increase in oil flow

I thought that was a water and gas seperator
Not ngls and condensates